[DUTCH LADY MILK INDUSTRIES BHD：产品结构变化和Covid-19大流行的影响]

1Q20 vs 1Q19:
由于子母牌产品结构变化和Covid-19大流行的影响，收入下降了5.2％。由于收入减少和乳制品原材料价格上涨，本季度的PBT下降30.4％。

1Q20 vs 4Q19：
收入减少了10.9％，这是由于CNY以及3月18日开始启用的MCO。较低的收入影响了PBT。

前景：
市场仍然动荡不定，并受国内外不确定性，外汇汇率和潜在监管变化的影响。 Covid-19大流行以及从关闭边境到MCO的各种措施的推出都影响了销售。预计到2020年剩余时间里，全球乳制品价格将保持波动。该公司预计，由于Covid-19的影响，顾客可支配收入的减少，复苏曲线（2021年）将放缓。
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James Ng Stock Pick Performance:
Since Recommended Return:

a. FRONTKEN CORP BHD, recommended on 12 Aug 18, initial price was RM0.715, rose to RM3.46, dividend RM0.04, in 2 years 2 days, total return is 389.5%

b. TOP GLOVE CORP BHD, recommended on 1 July 18, initial price was RM12.14, rose to RM47.64 adjusted, dividend RM0.52, in 2 Years 1 month 13 days, total return is 296.7%

c. MI TECHNOVATION BERHAD, recommended on 2 Jun 19, initial price was RM1.67, rose to RM5.90 adjusted, dividend RM0.055, in 1 Year 2 months 12 days, total return is 256.6%

d. KKB ENGINEERING BHD, recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.64, dividend RM0.04, in 2 Years 1 month 13 days, total return is 111.3%

e. OPENSYS M BHD, recommended on 24 May 20, initial price was RM0.355, rose to RM0.67, dividend RM0.0025, in 2 months 21 days , total return is 89.4%

f. KAREX BHD, recommended on 20 Oct 19, initial price was RM0.445, rose to RM0.675, dividend RM0.015, in 9 months 25 days, total return is 55.1%

g. POWER ROOT BHD, recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.10, dividend RM0.188, in 1 Year 10 months 7 days, total return is 43.9%

h. PROLEXUS BHD, recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.64, dividend RM0.003, in 11 months 20 days , total return is 41.3%

i. DESTINI BHD, recommended on 24 Sep 19, initial price was RM0.20, rose to RM0.28, in 10 months 21 days , total return is 40%

我希望将我的策略分享给读者，希望他们在阅读后能够表现出色。我正在使用基本面分析Fundamental Analysis：

预计公司每年的增长率必须超过14％

我想说服读者学习基本面分析FA以便能从股市赚钱。

我为想从马来西亚股票市场赚钱的读者提供STOCK PICK服务。想订阅我的邮件以从股票市场获取良好回报的人，可以通过jamesngshare@gmail.com 或我的FB页面与我联系。

Whatsapp : 011 - 15852043

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免责声明：
高波动性投资产品，你的交易存在风险。过往表现不能作为将来业绩指标。内容仅作为分享，讨论以及领域的分析，而非是一种投资建议，买或卖自负。请Like和Share。最终决定永远是你的，谢谢。

James Ng
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[DUTCH LADY MILK INDUSTRIES BHD: product mix changes and impact of Covid-19 pandemic]

1Q20 vs 1Q19:
Revenue was 5.2% lower due to product mix changes and impact of Covid-19 pandemic. PBT for this quarter decreased 30.4% due to lower revenue and higher dairy raw material prices.

1Q20 vs 4Q19:
10.9% revenue decrease is due to CNY and beginning of MCO on 18 March. Lower revenue affects PBT.

Prospects:
Market remains volatile and is subject to domestic and global uncertainties, forex rate and potential regulatory changes. Covid-19 pandemic and introduction of various measures from border closure to the MCO, impacts the sales. Global dairy price is expected to stay volatile for the remainder of 2020. The company anticipates a slower recovery curve (2021) due to reduction in disposable income as an aftermath of Covid-19.
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I wish to share my strategy to readers, hope that they can perform well after reading this. I am using Fundamental Analysis:

the forecasted growth of a company must over 14% per year

I wish to convince readers to learn FA in order to make money from stock market.

I am providing STOCK PICK SERVICE for readers who want to make money from Malaysian stock market. Those who want to subscribe to my mailing list to achieve a good return from stock market, you can contact me at jamesngshare@gmail.com or PM me in my FB page.

This sharing is purely a discussion and analysis of the sector, buying or selling at your own risk. Please Like and Share this post. Final decision is always yours, thank you.

James Ng